Which of the Following Is NOT an Important Provision of GATT

question 41

Multiple Choice

Which of the following is NOT an important provision of GATT?

• A) the most favored nation clause
• B) the safeguard provision or escape clause
• C) antidumping tariffs
• D) approval of export subsidies

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Definitions:

Fortress Walls At Jericho

Ancient defensive structures that surrounded the city of Jericho, believed to be some of the oldest fortifications discovered to date.

BCE

stands for Before Common Era, a non-religious alternative term to B.C., denoting years before the start of the Gregorian calendar's year count.

Labor-Force Participation Rate

The ratio of working-age individuals who are either employed or on the hunt for a job.

Unemployment Rate

The fraction of the labor force that lacks employment but is keenly searching for a position.